CitytisticsShortlist

Cost of living, pay and housing

33.83° N · 80.35° W · GEOID 4539772

Lakewood

Sumter County, South Carolina · part of the Sumter, SC metro

Limited data population under 5,000

South CarolinaLakewood, SCLakewoodLakewood

The short answer

Lakewood is home to 3,544 people. Median household income is $56,500 a year and median rent is $939 a month, 19.9% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $294,200, about 5.2x annual median household income.

Median gross rent
$939
31% below the median place
Median household income
$56,500
30% below the median place
Median home value
$294,200
8% below the median place
Unemployment
6.9%
40% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Lakewood

  • Owning with a mortgage costs only about $166 a month more than the median rent, a smaller gap than in 86% of the 2,469 places under 10,000 people we track.
  • After the median rent, and with prices for everything else adjusted to the US average, the median household has about $48,300 a year left, less than in 80% of places its size.
  • The median home is worth 5.2 years of the median household's income, more than in 84% of places its size.
  • 17% of adults hold a bachelor's degree or higher, a smaller share than in 80% of places its size.
01

Moving to Lakewood

Sumter County gains about 4.2 residents per 1,000 a year to moves between counties.

Moved in5,920
Moved out5,569
Net+351

Where people come from and where they go, top counties

Clarendon County, SC384316+68
Lee County, SC168133+35

Within South Carolina, other states or abroad

Arrivals
Leavers
Within South CarolinaOther statesAbroad

Income per tax return

Arrivals$50K
Leavers$52K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Sumter County; flows under 20 returns are not published.

Who moves here
7.9% of residents arrived from another county in the past year, 4.0% from another state. County figure.
Who arrives and who leaves
Households moving into Sumter County report $50,100 a year in income on average; those leaving, $52,100.
Income you would need
$37,600 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $939 a month; owners with a mortgage pay $1,105 a month including taxes and insurance, on a median home of $294,200.
Getting to work
29 minutes each way on average; 4.5% work from home.
If it is close but not quite
Kingman, AZ matches it on character. Compare the two
Income of households moving in7
$50,060
29% below the median place
Income of households moving out7
$52,138
26% below the median place
Moved from another state1
4.0%
101% above the median place
All 5 moving measures
MeasureLakewoodAmong 6,645 placesVs median
Moved here in the past year1County figure7.9%38% above
Moved from another state1County figure4.0%101% above
Net movers per 1,000 people7County figure4.2above (median -0.6)
Income of households moving in7County figure$50,06029% below
Income of households moving out7County figure$52,13826% below
02

What it costs to live here

Owner costs with a mortgage is $1,105, 41% below the median place.

Lakewood19.9%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$37,560
a year, at the 30% line
Rent to income
19.9%
2% below the median place
Home price to income
5.2x
37% above the median place

Could you afford it?

The median rent would take
20%
comfortably under the 30% line
Left after rent, in US prices
$48,900
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Lakewood, $939 a month, and local prices for everything else (93.6 against a US average of 100). It runs in your browser and stores nothing.

Like Lakewood, but easier on the budget

Close matches on income, rent, home value, education and age, where rent takes a clearly smaller share of income.

PlaceRent to incomeMore left a year
Bernalillo, NM16.9% vs 19.9%$6,400Compare
Clinton, TN16.8% vs 19.9%$12,300Compare
Clewiston, FL16.0% vs 19.9%n/aCompare

Moving from somewhere else? Work out the salary you would need in Lakewood.

Sponsored · exampleMoving to Lakewood? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Owner costs with a mortgage1
$1,105
41% below the median place
Property tax rate1
0.5%
51% below the median place
Property tax paid (median)1
$1,311
60% below the median place
All 16 cost and housing measures
MeasureLakewoodAmong 6,645 placesVs median
Median gross rent1$93931% below
Rent to income119.9%2% below
Property tax rate10.5%51% below
Home price to income15.2x37% above
Prices vs US average2Metro figure88.013% below
Fair market rent, 2 bedrooms3County figure$1,33817% below
HUD area median income4County figure$74,20031% below
Property tax paid (median)1$1,31160% below
Median home value1$294,2008% below
Home prices, 1-year change5County figure4.5%41% above
Home prices, 5-year change5County figure51.6%0% above
Homeownership170.8%7% above
Renters paying 30%+1County figure51.8%2% above
Owner costs with a mortgage1$1,10541% below
Vacant homes1County figure13.7%93% above
Median year built119860% above
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Median household income1
$56,500
30% below the median place
Mean commute1
29 min
14% above the median place
All 10 work and pay measures
MeasureLakewoodAmong 6,645 placesVs median
Median household income1$56,50030% below
Income per person1$34,01815% below
Unemployment1County figure6.9%40% above
Average annual pay6County figure$54,50117% below
Pay growth, 1 year6County figure2.3%38% below
Jobs6County figure35,34877% below
Poverty rate1County figure16.6%54% above
Mean commute129 min14% above
Works from home1County figure4.5%64% below
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

Homes with broadband is 80.8%, 12% below the median place.

Homes with broadband1
80.8%
12% below the median place
No health insurance1
18.0%
181% above the median place
Bachelor's or higher1
17.0%
47% below the median place

More about who lives here, against the typical place

Median age43.0 +10%
Household size2.3 −6%
High school or higher89.4% −3%
All 8 people measures
MeasureLakewoodAmong 6,645 placesVs median
Population13,5446646th largest
Median age143.010% above
Bachelor's or higher117.0%47% below
High school or higher189.4%3% below
Household size12.36% below
Born abroad1County figure3.0%66% below
No health insurance118.0%181% above
Homes with broadband180.8%12% below
05

Life in Lakewood

29 sites are on the National Register of Historic Places, 3 of them National Historic Landmarks.

Out the door, against the typical place

Parks per 10k residents0.0 −100%
Playgrounds per 10k0.0 −100%
Grocery stores per 10k2.8 +33%
Restaurants, cafes and bars per 10k2.8 −75%
Libraries per 10k0.0 −100%
Named paths and bike trails0 km −100%
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

Businesses per 10,000 residents (county figures)

Restaurants and bars14.6 −30%
Shops35.3 +17%
Arts, recreation and fitness2.0 −51%
Doctors' offices and clinics13.9 −31%
Child care centers3.2 +39%

Counts businesses with paid staff, so small owner-run shops are not included.

Arts, recreation and fitness per 10k8
2.0
51% below the median place
Restaurants and bars per 10k8
14.6
30% below the median place
Doctors' offices and clinics per 10k8
13.9
31% below the median place
All 16 schools and local life measures
MeasureLakewoodAmong 6,645 placesVs median
Public schools11County figure27200% above
Public school students11County figure14,608198% above
Students per teacher11County figure15.51% above
Restaurants and bars per 10k8County figure14.630% below
Shops per 10k8County figure35.317% above
Arts, recreation and fitness per 10k8County figure2.051% below
Doctors' offices and clinics per 10k8County figure13.931% below
Child care centers per 10k8County figure3.239% above
Parks per 10k90.0below (median 10.2)
Playgrounds per 10k90.0below (median 9.4)
Grocery stores per 10k92.833% above
Restaurants, cafes and bars per 10k92.875% below
Libraries per 10k90.0below (median 0.9)
Named paths and bike trails90.0below (median 2.0)
Transit stops per sq mi90.0below (median 0.2)
National Register listings10County figure29123% above
06

Safety, weather and risk

July average high is 92°F, 5% above the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Lakewood. Larger places are fetched first.

July average high12
92°F
5% above the median place
Average temperature12
64°F
16% above the median place
Hurricane risk13
91.9
30% above the median place
All 9 weather and risk measures
MeasureLakewoodAmong 6,645 placesVs median
July average high12County figure92°F5% above
January average low12County figure34°F37% above
Average temperature12County figure64°F16% above
Annual precipitation12County figure46.9 in7% above
Natural hazard risk13County figure81.712% below
Hurricane risk13County figure91.930% above
Tornado risk13County figure74.98% below
Wildfire risk13County figure79.029% above
Heat wave risk13County figure80.511% below
08

Lakewood in 2030: where the trends point

If recent trends hold, the median rent will take about 20% of the median income in 2030, up from 20% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$939/mo (2024)$1,200/mo$990 to $1,460/mo+4.2%
Median household income$56,500 (2024)$70,500$59,500 to $83,500+3.8%
Median home value$294,200 (2024)$471,000$342,000 to $649,000+8.2%

The median home would be worth 6.7 years of the median income in 2030, against 5.2 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Lakewood

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Kingman, AZ$1,058$61,792Compare
Trinidad, CO$910$52,273Compare
South Valley, NM$954$58,224Compare
Fort Oglethorpe, GA$937$51,867Compare
Fort Oglethorpe, GASouth Valley, NMTrinidad, COKingman, AZLakewood, SCLakewoodKingmanTrinidadSouth ValleyFort OglethorpeLakewoodKingmanTrinidadSouth ValleyFort Oglethorpe

Common questions

Is Lakewood a good place to live?

It depends on what you need, so here is what the numbers say. Owning with a mortgage costs only about $166 a month more than the median rent, a smaller gap than in 86% of the 2,469 places under 10,000 people we track. After the median rent, and with prices for everything else adjusted to the US average, the median household has about $48,300 a year left, less than in 80% of places its size. See how it ranks with your own weights.

Is Lakewood expensive to live in?

The median rent takes 19.9% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $294,200.

What salary do you need to live in Lakewood?

To rent the median home without spending more than 30% of income on rent, a household needs about $37,560 a year. Work it out from your current city.

What places are similar to Lakewood?

On income, rent, home value, education and age, the closest matches are Kingman, AZ, Trinidad, CO, South Valley, NM and Fort Oglethorpe, GA.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  8. County Business Patterns · US Census Bureau · 2023 data
  9. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  10. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  11. Common Core of Data · National Center for Education Statistics · 2024 release
  12. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  13. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Lakewood with places of a similar size, using only figures measured for Lakewood itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/lakewood-south-carolina

Citytistics. “Lakewood, South Carolina.” Data as of 2026-11-14. https://www.citytistics.com/city/lakewood-south-carolina/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.